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Rivian lays off hundreds of employees ahead of the end of EV tax credits

Two Rivian trucks in front of the Rivian factory in Normal, Illinois. (Daniel Gaines / Los Angeles Times) Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The electric truck and sport-utility vehicle manufacturer is preparing for a challenging year in which it plans to launch a more affordable model even as it gets more expensive to buy an EV. A spokesperson at the company said that the layoffs are equivalent to about 1. ...